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Ajax Corporation purchased at book value 70 percent of Beta Corporation's ownership and 90 percent...

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Accounting

Ajax Corporation purchased at book value 70 percent of Beta Corporation's ownership and 90 percent of Cole Corporation's ownership in 20X5. At the dates the ownership was acquired, the fair value of the noncontrolling interest was equal to a proportionate share of book value. There are frequent intercompany transfers among the companies. Activity relevant to 208 follows:
\table[[Year,Producer,Production Cost,Buyer,\table[[Transfer],[Price]],\table[[Unsold at End],[of Year]],Year Sold],[207,Beta Corporation,$48,000,Ajax Corporation,$54,000,$18,000,208
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